Lion finds more gold

Expansion is definite at Fiji’s next gold mine, as the company advertised vacancies for more specialised roles, in its stride to meet production dates.

It comes on the heels of more discovery of gold deposits at Tuvatu, near Nadi, where Lion One Limited is building Fiji’s next gold mine.

The Canadian gold exploration company - a subsidiary of Lion One Metals Ltd - also called for a construction specialist with at least 10 years in managing large construction projects valued at more than $10 million.

The full-time positions - five of which were advertised in recent weeks - are for its Tuvatu project site, where the company continues exploration for alkaline gold.

An underground gold mine, process plant, and tailings storage facility are part of Lion One Ltd’s plans for its Tuvatu site.

A New Lode

In another development, the near-mine exploration, identified two new zones of what it described were significant.

A new lode, named URA1, was discovered during construction of the decline.

“The URA1 lode will be included in the updated Mineral Resource Estimate (MRE) that the Company aims to release in early 2023,” the company said in a market announcement.

“Additionally, several hundred meters to the east of Tuvatu, drillhole TUDDH-612 has intersected mineralisation corresponding to a distinct controlled-source audiofrequency magnetotellurics (CSAMT) gradient anomaly.”

It presents significant new results from two separate areas within the general Tuvatu deposit footprint.

“Tuvatu itself is coincident with a CSAMT gradient of similar magnitude,’ Lion One said.

The findings validate the viability of this method for discovery of additional mineralised centers in the caldera.”

“A third program of CSAMT geophysics will commence in 2023.